Valeo Financial Advisors LLC Increases Stake in Louisiana-Pacific Corporation $LPX

Valeo Financial Advisors LLC boosted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 33,243.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,588,787 shares of the building manufacturing company’s stock after buying an additional 2,581,023 shares during the period. Louisiana-Pacific makes up about 0.7% of Valeo Financial Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Valeo Financial Advisors LLC’s holdings in Louisiana-Pacific were worth $222,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. CWM LLC increased its stake in Louisiana-Pacific by 4.1% during the first quarter. CWM LLC now owns 2,919 shares of the building manufacturing company’s stock worth $268,000 after acquiring an additional 115 shares during the last quarter. Xponance Inc. boosted its stake in shares of Louisiana-Pacific by 1.1% during the first quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company’s stock valued at $1,046,000 after purchasing an additional 127 shares during the period. Kingswood Wealth Advisors LLC boosted its position in Louisiana-Pacific by 3.1% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,658 shares of the building manufacturing company’s stock valued at $425,000 after buying an additional 140 shares during the period. Advisors Asset Management Inc. grew its stake in Louisiana-Pacific by 2.2% in the first quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company’s stock worth $732,000 after purchasing an additional 170 shares in the last quarter. Finally, Capital Advisory Group Advisory Services LLC increased its stake in shares of Louisiana-Pacific by 7.3% during the first quarter. Capital Advisory Group Advisory Services LLC now owns 2,543 shares of the building manufacturing company’s stock valued at $234,000 after buying an additional 173 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Up 0.3%

Shares of NYSE LPX opened at $90.29 on Monday. The company has a market capitalization of $6.29 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.08 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. The company has a 50 day simple moving average of $93.10 and a 200-day simple moving average of $90.66. Louisiana-Pacific Corporation has a 1 year low of $78.82 and a 1 year high of $122.87.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The company had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $751.15 million. During the same quarter in the prior year, the company posted $2.09 earnings per share. Louisiana-Pacific’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities research analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, August 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. Louisiana-Pacific’s payout ratio is presently 26.42%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LPX. DA Davidson restated a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a report on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Louisiana-Pacific in a report on Saturday, September 27th. Truist Financial decreased their target price on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 11th. Finally, Wall Street Zen downgraded Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $110.57.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the sale, the director owned 29,728 shares in the company, valued at approximately $3,002,528. The trade was a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.42% of the company’s stock.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.